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Report: Joint Korean projects on mines could generate 90,000 jobs

Report: Joint Korean projects on mines could generate 90,000 jobs

World
SEOUL, March 18 (UPI) -- A joint inter-Korean development of major mines in North Korea to create more than 90,000 jobs a year, according to a Seoul-based think tank.On Sunday, a report issued by the North Korea Resource Institute showed there's potential to launch development projects on 74 mines located in the North, creating 91,310 new jobs including 18,500 for South Koreans.Such commercial projects could significantly boost supply for coal, ore and other mineral resources, especially for South Korea which currently produces only 2.8 percent of the minerals it needs, KBS reported.The joint development would require some $ 11.5 billion in investment, with yearly sales and operating profit projected at $ 10.6 billion and $ 3.2 billion respectively.However, the estimated figures are based ...
Icahn, with 6 percent of Newell Brands shares, hasn't decided which side he's on

Icahn, with 6 percent of Newell Brands shares, hasn't decided which side he's on

Finance
Billionaire Carl Icahn reported a greater than 6 percent stake in Rubbermaid parent Newell Brands, calling them undervalued, according to a regulatory filing on Friday.The activist investor said in a filing with the Securities and Exchange Commission that he intends to talk with Newell management about ways to "enhance shareholder value." The filing also says Icahn expects to have additional talks with other fund manager, Starboard Value, about its proxy contest against Newell. Earlier this month, Icahn told CNBC he had taken the large stake without saying exactly how much he had acquired.Activists Starboard Value and Martin Franklin have teamed up to oust Newell's entire board. Icahn's filing on Friday said he hasn't decided whether he was going to support management or Starboard. "Altho...
NIH approves clinical trials for vaccine against avian influenza

NIH approves clinical trials for vaccine against avian influenza

Health
March 16 (UPI) -- A federal agency is recruiting volunteers for two Phase 2 clinical trials for a vaccine against H7N9, a strain of avian influenza that has not reached humans in the United States.The National Institute of Allergy and Infectious Diseases, which is part of the National Institutes of Health, wants an effective vaccine ready for any H7N9 pandemics.The trials, which will last 16 months, will test the effectiveness of different dosages of the inactivated influenza vaccine candidate, called 2017 H7N9 IIV, in conjunction with other vaccines.The virus strain was first reported in humans in 2013 in China. Subsequently, six waves of H7N9 infection have occurred there, resulting in 1,565 human infections and 613 deaths, according to the World Health Organization in January.Right now,...
Navy awards Lockheed $481M for F-35 spare parts

Navy awards Lockheed $481M for F-35 spare parts

Business
March 16 (UPI) -- Lockheed Martin has secured an additional $ 481 million from the U.S. Navy's Naval Air Systems Command for the procurement of spare parts in support of F-35 Lightning II production efforts, the second contract the company has been awarded this week related to the F-35.The new cost-plus-fixed fee delivery order, announced Thursday by the Department of Defense, amends a previously issued basic ordering agreement for the F-35 for the Air Force, Marine Corps, Navy, non-DoD participants and foreign military sales customers.The work, which is expected to be completed by June 2022, will be performed in Fort Worth, Texas, El Segundo, Calif., Orlando, Fla.,Nashua, N.H., Baltimore, Md., Warton, Britain, and Nagoya, Japan.The Naval Air Systems Command, Patuxent River, Maryland, is t...
Investigation launched into Facebook data breach

Investigation launched into Facebook data breach

Technology
The Information Commissioner's Office is to investigate a possible data breach affecting more than 50 million Facebook users. It comes as a whistleblower told a newspaper how Cambridge Analytica, a data analytics firm that worked with Donald Trump's election team, used personal information taken without permission in early 2014 to build a system that could profile US voters so they could be targeted with personalised political advertisements.The company is owned by hedge-fund billionaire Robert Mercer and was led at the time by Mr Trump's key adviser Steve Bannon.Christopher Wylie, who worked with an academic at Cambridge University to obtain the data, told The Observer: "We exploited Facebook to harvest millions of people's profiles and built models to exploit what we knew about them and ...